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Search Results 0 to 9 of about 10 (some duplicates have been removed)
on the part of our members. >> she repeated her view that the global economy continues to recover, but she said the pace is slower than expected. what she called a veil of uncertainty covers various parts of the world. so she's urging policymakers in europe to act now. legarde encouraged them to follow through with plans to create a banking union. then she turned her attention to the friction between japan and south korea over territorial issues. she's calling on leaders from both countries now to patch up their relationship. she said it's critical for asian economies and for the global economy. japan of course locked in another territorial dispute with china. some chinese delegates as we know have stayed away from these meetings. legarde said they're missing out on a great opportunity. she says she hopes the problems between the two however long-standing could be resolved. the head of the world bank says the uncertainties in countries that we've been talking about are leading people in developing nations more vulnerable. kim jung in says it's making things worse. >> increasing food prices
the global economy. some of the world's leading economic minds have gathered at the tokyo international tor forum for the annual meeting of the international monetary fund and world bank. nhk's ron madison is there and will be there all week. i was hoping you could break this down for us. what's going on there? >> reporter: there's lots going on. already been a very full morning. lots of people here. we have finance ministers, central bank governors and other officials from 188 member nations all here now to really, you know, try to agree on how to deal with the problems that they share. and as you point out, they do have quite a few of them. of course, we've got the debt crisis in europe. but also another factor is the slowing growth in china. also, political problems on the horizon in the united states as well as other places. now, the economists from the imf have answered some of our questions with their world economic outlook. we'll have the details of that coming up in just a few minutes. now, also finance ministers and central bankers from the group of 7 nations will be meeting to dis
credit problems around the slow down of emerging economies. there will be donor countries and the meeting to discuss the arab spring popular movement. an international conference is slated for sundai. imf representatives are starting off a week of announcements by releasing their global economic outlook. they are lored forecast by 0.2%age points to 3.3% the the report says economic decline is serious in southern economic countries. it also points out the european uncertainty is slowing growth in emerging nations such as china. the report projects the euro zone will shrink. japan and the united states should see 2.2% growth. global growth will increase to 3.3% next year but they warn europe's credit problems still pose a threat to the global economy. the bank's latest report project 7.2% growth across 14 countries. that's lower than the forecast in may. the region includes china but not japan. china's domestic demand is sluggish and it's hurt exports throughout the region. growth in east asia will rise to 7.6% next year. they say china will pick up steam and demand will grow within southea
trying to push the leaders of developed economies down a prudent path. weighed some of the risks and say confidence pretty much everywhere is still pretty fragile. economists release global financial stability report, checkup of the financial system. >> the choice today is between making the necessary but tough policy and political decisions or delaying them once more in the false hope that time is on our side. it is not. >> the man there says it is time for governments off to act. he said the biggest risk is the euro zone. private sector money pulled out from peripheral economies in the region back into the core ones. that is pushing up borrowing costs for government, banks, countries, italy and spain. this he is says feeding a further downturn to. reap ver to reverse the situation is well timed fiscal consolidation and they need to do this reducing excessive debts. economists fame size steps need to be take in to boost foundations beneath banks they hope the european stability and bond buying program will help rebuild investor confidence. they suggest a unified system to supervise bank
to reform their economy. geithner meant with the indian finance minister in new delhi. >> i think the reforms outlined by the government of india offer very promising paths to improving growth outcomes for the indian economy. >> observers say geithner is urging the indian government to proceed with the economic reform policies. the prime minister has been trying to implement changes. one example is his push to open the retail sector to foreign supermarkets. plans to ease restrictions on foreign investment have sparked an angry reaction. one party has left the ruling coalition in protest. >>> now let's check on the markets. u.s. stock markets ended lower on tuesday as lingering uncertainties about the global economy led investors to sell shares. to see how stocks are trading this wednesday morning, let's go to ra mean at the tokyo stock exchange. the earnings season kicked off in the u.s. giving investors the jitters it seems. >> jitters indeed. we did see the dow trading lower but the nasdaq was the biggest loser after a brokerage down grade for intel which weighed on that tech he
together again to try to fd a way to keep the global economy from stalling. they're getting ready to meet in folk tokyo. their discussions are happening on the sidelines of the international monetary fund and world bank meetings. this is the first group of 7 meeting since april when ministers met in washington. they're trying to find ways to create steady growth despite europe's lingering debt crisis. representatives from eurozone countries are expected to look for support for the new rescue fund they launched monday. analysts say the global economy has been comparatively stable in recent months with financial rkets showing more solid movements but they warn china and other emerging economies are slowing down because of europe's problems. and those problems just seem to worsen day by day for eurozone members. a major u.s. ratings agency has downgraded spain's sovereign bonds. they're now just above junk territory. standard & poor's cut spain's credit rating by two notches, from bbb-plus to bbb-minus. only one notch above speculative status. they also point out a fear that worsening unempl
and fiscal policy minister. seiji maehara has been advocating aggressive monetary easing to get the economy out of deflation. after the two-day meeting through friday, the policymakers shared the view that personal spending remains steady as the jobs situation is improving. but they agreed that output and exports by manufacturers, one of the main drivers of the japanese economy, are relatively weak due to a slowdown in the chinese and other economies. they also concur that companies are cautious about the business outlook. the policymakers implemented additional monetary measures in september. they included expanding to about $1 trillion the funds available to buy government bonds and other assets. they unanimously agreed to keep the monetary measures unchanged to wait and see their effects. maehara was the first cabinet minister in nine years to attend the boj policy meeting. >> translator: i have a sense of crisis about the continued strong yen and japan's inability to get out of deflation. i wanted to convey my view to the bank of japan by attending the meeting. >> he said the bank of ja
want to start talking asian countries, they have really been a bright spot for the global economy. but we are seeing, economies of europe and the u.s. starting to really stagnate. we are seeing a slowdown in china. and india. wondering how much can asia continue to support growth? >> as we see,isha^ kra asia re leader. we expect asia to grow 5.5% this year, rising to 6 poe% this yea above global growth. i would say, you will see demand pick up in asia and keep growing -- growth active and robust. >> speaking of domestic demand, how much will that be able to really shield asian countries, do you think from the global slowdown we are seeing. what do policy makers need to do to ensure that domestic demand continues? >> this is a very important issue. they're dealing with this, two ways to handle this. there is ram oom to build new stimulus on the fiscal side. for many countries, inflation is back in the comfort zone. and for national conditions a. accomodated. looking ahead -- asia is looking to rebalance. and raise domestic demand in different ways. between china and other countrie
Search Results 0 to 9 of about 10 (some duplicates have been removed)